Feb 23 2012 Gold and Silver Resistance and Support levels

Gold

Good up move in the gold .... In NYSE gold had a good trading session. It hit the highest point of  $1783.00 Low of 1748.4 and manages to close at 1775.80. Today we can expect good up move. As per my calculations i am giving the support and resistance levels..

R1:  17898.50

R2:  1803.90

S1:  1755.30

S2:  1734.60

Silver

In NYSE silver had a good trading session too. It hit the highest point of  $34.60 and Low of 33.82 and manages to close at 34.26. That was some what good sign. As per my calculations i am giving the support and resistance levels..

R1:  34.65

R2:  35.00

S1:  33.80

S2:  33.50